Lantronix, Inc. (NASDAQ:LTRX) Receives Average Rating of “Buy” from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.30.

A number of analysts recently issued reports on LTRX shares. Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Wednesday, September 11th. They set a “buy” rating and a $7.50 target price on the stock. Roth Mkm restated a “buy” rating and set a $9.00 target price on shares of Lantronix in a research report on Monday, June 17th. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Needham & Company LLC restated a “buy” rating and set a $7.00 target price on shares of Lantronix in a research report on Friday, September 6th.

Insider Buying and Selling at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 23,949 shares of Lantronix stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $4.04, for a total value of $96,753.96. Following the transaction, the insider now owns 5,381,471 shares in the company, valued at $21,741,142.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 89,014 shares of company stock worth $371,386 in the last quarter. 17.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC acquired a new position in shares of Lantronix in the 2nd quarter valued at $42,000. Mackenzie Financial Corp purchased a new position in shares of Lantronix in the 2nd quarter valued at $50,000. SG Americas Securities LLC purchased a new position in shares of Lantronix in the 1st quarter valued at $55,000. American Century Companies Inc. raised its stake in shares of Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after acquiring an additional 5,693 shares during the period. Finally, Heron Bay Capital Management purchased a new position in shares of Lantronix in the 1st quarter valued at $226,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Trading Up 5.7 %

Shares of LTRX opened at $4.01 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The firm has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.69. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95. The stock has a market cap of $150.51 million, a price-to-earnings ratio of -22.25 and a beta of 2.13.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The business had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. Equities analysts forecast that Lantronix will post -0.01 EPS for the current fiscal year.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.